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Trump's tariffs aim to generate revenue and create jobs, but economists widely criticize their feasibility. Meanwhile, countries like Saudi Arabia and China are rapidly advancing, challenging the notion that only liberal democracies can drive innovation and economic growth. As the US grapples with its own economic strategies, alternative models are emerging.
Tesla's board has requested Elon Musk to step down as CEO amid declining sales and increasing political controversies linked to his behavior. Despite Musk's significant role in building the brand, the board's inaction has led to a tarnished reputation and market response, prompting this drastic measure. The search for a new CEO is underway, as the company faces challenges in a growing EV market.
Rachel Reeves’ inaugural budget marks a significant moment for the Labour Party and the nation’s tax landscape. Historian Robert Saunders reflects on Gladstone’s lengthy budget speeches, while David Lough discusses Churchill’s gold standard decision. Veteran journalist Andrew Marr highlights notable postwar budgets, and Paul Johnson of the IFS explains the institute's crucial role in budget day traditions.
Art Basel Paris, debuting at the Grand Palais from October 18 to 20, is quickly becoming a key player in the European art fair scene, attracting 195 exhibitors despite a challenging market. The event features new sections and collaborations with luxury brands, appealing to a diverse audience, particularly Asian visitors. Amid rising costs and a cautious collector base, the fair embodies a unique allure, driven by passion rather than investment potential.
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